topic Re: NFCU Assigned Credit Specialist ? in Business Credit

NFCU Assigned Credit Specialist ?

Anonymous — Sat, 31 Dec 2016 01:28:02 GMT

I recently opened a new Business account with NFCU and I already have a personal Visa CR with them with a Credit line of $22.1k. I'm nervous of applying online for the Business Credit Card. Should I wait for the credit specialist to call me or should I go ahead and submit the application and then have the specialist go over it if not approved?
Current Scores TU Fico 8: 680 EX & EQ: 660

Re: NFCU Assigned Credit Specialist ?

Creditaddict — Sat, 31 Dec 2016 15:49:30 GMT

@Anonymous wrote:
I recently opened a new Business account with NFCU and I already have a personal Visa CR with them with a Credit line of $22.1k. I'm nervous of applying online for the Business Credit Card. Should I wait for the credit specialist to call me or should I go ahead and submit the application and then have the specialist go over it if not approved?
Current Scores TU Fico 8: 680 EX & EQ: 660

Unless they changed something recently, you can't submit for business credit online. The specialist has to email you the applications and you have to send back with the papers. (Up to $25k on credit card and line with no docs, over $25k will require taxes and such on business and most likely you).

You can fax or email back to specialist but you also have to snail mail the signed app in... they will call you once they input and hit submit... it's either instant approval, manual review, or denied instantly over phone with banker once they inputs... I usually see manual review and response by next day.

Re: NFCU Assigned Credit Specialist ?

Creditaddict — Sat, 31 Dec 2016 15:50:14 GMT

It's straight TU pull always also unless that's changed... no guessing... they use to tell you straight up what the pull was.

ask for some combo of the full $25k, they will counter like personal side.

Re: NFCU Assigned Credit Specialist ?

mattmyFIC0 — Sat, 31 Dec 2016 16:02:23 GMT

+1 to what Creditaddict said. I recently got some business products with them and you can read about my process here: http://ficoforums.myfico.com/t5/Business-Credit/NFCU-Visa-and-BCLOC-Approval/td-p/4769452